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Question 23 Chapter 1 of +2-B
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Table of Contents
23. (Balance Sheet with Notes to Accounts) Following balances have been extracted from the books of Ojas Limited on 31st March, 2018.
Particular | Rs |
Equity share capital (50,000 equity of Rs 10 each) | 5,00,000 |
General Reserve | 1,00,000 |
12% Debentures | 4,00,000 |
Debit balance of Statement of profit and loss | 50,000 |
Plant and machinery | 4,00,000 |
Government Bonds | 3,00,000 |
Cash at Bank | 1,00,000 |
Inventories | 1,00,000 |
The solution of Question 23 Chapter 1 of +2-B: –
Balance Sheet
Particulars | Note no. | Amount |
II Equity & Liabilities | ||
1. Shareholders’ Fund | ||
Share Capital | 1 | 5,00,000 |
Reserve & Surplus | 2 | 50,000 |
2. Non-Current Liabilities | ||
Long term Borrowing | 3 | 4,00,000 |
Total | 9,50,000 | |
II Assets | ||
1. Non-current Assets | ||
Fixed Assets | ||
Tangible Assets | 4 | 4,00,000 |
Non-Current Investments | 5 | 3,00,000 |
2. Current Assets | ||
Inventories | 6 | 1,50,000 |
Cash & Cash Equivalent | 1,00,000 | |
Total | 9,50,000 |
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Working Note
Particulars | Note no. | Amount | |
1. Share Capital | |||
50,000 equity shares of Rs 10 each | 5,00,000 | ||
2. Reserve and Surplus | |||
General Reserve | 1,00,000 | ||
Dr. Balance in Statement of P&L | (50,000) | 50,000 | |
3. Long term Borrowings | |||
12% Debentures | 4,00,000 | ||
4. Tangible Assets | |||
Plant & Machinery | 4,00,000 | ||
5. Non-Current Investments | |||
Government Bonds | 3,00,000 | ||
6. Cash & Cash Equivalents | |||
Cash at Bank | 1,00,000 |
To understand more about Balance Sheet please check out following links:
Balance Sheet: Meaning, Format & Examples
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Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
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